Tuesday, July 22, 2014

#Hexaware reported 21.8% decline in net profit for Q2

Hexaware reported a 21.8% decline in net profit at Rs76.6 crore for the quarter ended 30 June 2014. The company had registered net profit of Rs.97.9 crore in the same quarter of 2013-14 fiscal.

Other Highlights:-

 Q2 2014 Revenue at US$ 102 mn up 6.3% sequentially in $ terms (up 3.7% Q-o-Q in ` terms to ` 610 Crores)

·         Revenue at $ 102 mn up 7.5% Y-o-Y in $ terms (up 13.8%Y-o-Y in ` terms)

·         EBITDA margin for the quarter was 16.7%; EBIT margin at 14.9%

·         Q2 2014 Profit after Tax (PAT) at ` 76.6 Crores

·         Q2 2014 PAT margin at 12.5%; up 60 basis points Q-o-Q

·         Q2 2014 Diluted Earnings per share (EPS) at ` 2.55

·         Second Interim Dividend at ` 1.60 for Q2 2014

·         Return on Equity (RoE) at 26% at the end of Q2 2014

·         Cash & Cash equivalents at the end of June 2014 at ` 398 Crores

·         Days of Sales Outstanding (DSO) was 51 days at the end of Q2 2014

·         13 new clients added in Q2 2014; 238 active clients currently

·         Headcount at 9,287 as at June 2014; up 335 Q-o-Q from 8,952

·         147 fresh graduate engineers added in April - July 2014